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    Bloomington, IN Office Units for Sale

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    Split-Level Office Schoolhouse
    Updated: Feb 5
    Split-Level Office Schoolhouse

    4638 E State Road 45, Bloomington, IN 47408

    $735,000
    4,302 sqft 1.05 AC lot
    Historic Poplar Grove School building with 4,300+ sqft across two levels, freshly painted and split between 10 office spaces and common/open areas.
    New carpet plus original hardwood floors and 50+ new windows for bright interior space.
    Each level includes restrooms and a kitchenette; basement included in the layout.
    Just over 1.05 acres with 25+ parking spots and off‑street parking.
    Limited Business (LB) zoning with flexibility for uses such as daycare, office, retail, studio/gallery, massage/music therapy, counseling, and more.
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    This listing looks promising.

    Here's a quick look at some key insights for

    4638 E State Road 45, Bloomington, IN 47408

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    • Est. Cap Rate

      6.3%
      Above avg (5.9%)

    • Est. NOI

      $46K
      Annual

    • Mortgage

      $100K
      Recorded

    • Last Sold

      Jun 2022
      $440K

    • Property Type

      Commercial Office (General)
      Built 1928
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    Office-Warehouse Flex Facility
    Updated: Jun 29
    Office-Warehouse Flex Facility

    4700 W Innovation Drive, Bloomington, IN 47404

    $1,800,000
    1.73 AC lot
    Approximately 6,630 SF versatile office/warehouse on 1.73 acres in Bloomington’s west‑side business corridor
    Heated and air‑conditioned warehouse with 5,000+ SF, high ceilings, epoxy‑coated floors, and floor drains
    Warehouse loading with six overhead doors and easy semi‑truck access
    Office suite with reception area, seven private offices, conference space, storage, utility room, and two ADA‑compliant restrooms
    Central air cooling, metal roof, and off‑street paved parking for employees, customers, and fleet vehicles
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    Office and Retail Buildings with Parking
    Office and Retail Buildings with Parking

    5340 & 5350 S Old State Road 37, Bloomington, IN 47401

    $875,000
    0.72 AC lot

    Two leased buildings with shared asphalt parking and five occupied suites along a highly visible south Bloomington corridor.

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    Leased Office and Retail Investment
    Leased Office and Retail Investment

    5340 South Old State Road 37, Bloomington, IN 47403

    $875,000
    31,363 sqft

    Two leased buildings on shared parking include office suites and a retail space with partial basement.

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    Three-Story Brick Office Building
    Three-Story Brick Office Building

    1720 N Kinser Pike, Bloomington, IN 47404

    $2,950,000
    0.80 AC lot

    Three-story brick office building with elevator service, handicap access, private parking, and current occupancy.

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    Single-Story Office Building
    Single-Story Office Building

    616 S College Mall Road, Bloomington, IN 47401

    $1,145,000
    0.27 AC lot

    Stone-clad single-story office building with flat rubber roof and off-street parking, currently rented through June 2027.

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    Office Condo with Reception Area
    Office Condo with Reception Area

    1602 W 3rd Street, Bloomington, IN 47404

    $204,900

    Flexible office layout with two private offices, open work area, and reception window in a visible office condo.

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    Retail-Office Condo Suite
    Retail-Office Condo Suite

    1602 W 3rd Street, B & C, Bloomington, IN 47404

    Contact for pricing
    2,400 sqft

    Condo suite with enclosed and open office areas, previously occupied by a dentist, in a mixed-use zoned building.

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    Built-Out Professional Office Suite
    Built-Out Professional Office Suite

    509 W Gourley Pike, Bloomington, IN 47404

    Contact for pricing

    A finished office suite with a large reception area, private office, and work room, suited for professional services.

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    Medical Office Suite with Private Parking
    Medical Office Suite with Private Parking

    1602 W 3rd Ste B & C Street, Bloomington, IN 47404

    $369,900

    Well-equipped medical office layout with multiple treatment bays, private storage with garage door, and private parking.

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    Bloomington Office/Retail Building For Lease
    Bloomington Office/Retail Building For Lease

    1815 S Walnut St, Bloomington, IN 47401

    Contact for pricing
    2,300 sqft 0.37 AC lot

    Well-maintained office/retail building with high visibility and accessibility.

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    Office Condo Suite with Conference Room
    Office Condo Suite with Conference Room

    1602 W 3rd Street Unit E, Bloomington, IN 47404

    $179,000

    Finished office suite offering a large conference room, private office, kitchenette, and a half bath within an HOA office condo complex.

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    Two-Parcel Retail and Office Investment
    Two-Parcel Retail and Office Investment

    5340-5350 S Old State Rd 37, Bloomington, IN 47401

    $875,000

    Two leased buildings with shared parking and high visibility along S. Old State Road 37 south of Kroger and Wendy’s.

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    Rehabbed Office with Open Layout
    Rehabbed Office with Open Layout

    1145 N Sunrise Greetings Ct, Bloomington, IN

    $1,600,000
    4,300 sqft 10.19 AC lot

    Office space with flexible layout, recently rehabbed in 2014.

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    Warehouse with Attached Offices
    Warehouse with Attached Offices

    3895 W Vernal Pike, Bloomington, IN 47404

    Contact for pricing

    Warehouse includes an attached office area, plus a separate pole barn with private parking.

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    Based on your search, we've compiled 22 Potential Opportunities for your consideration. Besides 15 Active listings in Bloomington, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Historic Retail and Office Building
    Historic Retail and Office Building

    159 N Main Street, Martinsville, IN 46151

    $435,000
    0.14 AC lot

    Updated historic building offers a bright retail area plus office/stock space, garage with alley access, and upstairs flex space.

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    Historic Bank Building with Rooftop Patio
    Historic Bank Building with Rooftop Patio

    31 E Main Street, Gosport, IN 47433

    $225,000
    0.04 AC lot

    Historic 1867 building operating as a two-unit apartment with a rooftop patio and a basement studio with street entrance.

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    Updated Commercial Building in Downtown
    Updated Commercial Building in Downtown

    159 N Main St, Martinsville, IN 46151

    $435,000
    0.14 AC lot

    Historic building with retail, office, and potential residential space.

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    Live-Work Building with Rooftop Access
    Live-Work Building with Rooftop Access

    31 E Main St, Gosport, IN 47433

    Contact for pricing
    5,088 sqft

    Two-level live-work property with downstairs commercial space and upstairs living quarters featuring direct rooftop access.

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    Off-Market Properties in Bloomington, IN

    Consider similar Off-Market properties in Bloomington, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    405 College Ave
    Medical Office Space

    405 College Ave, Bloomington, IN 47401

    Value Estimation by Request
    1,600 sqft
    View details
    5011 Charlestowne Way
    Office Units

    5011 Charlestowne Way, Bloomington, IN 47404

    Value Estimation by Request
    6,950 sqft
    View details
    5231 Old State Road 37
    Office Units

    5231 Old State Road 37, Bloomington, IN 47403

    Value Estimation by Request
    2,425 sqft 4.80 AC lot
    View details

    Bloomington, IN Office Units Market Trends and Statistics

    Explore 18 office units for sale in Bloomington, IN, showcased through 15 active listings on our real estate platform. These investment opportunities span a total of 39,965 square feet of properties for sale, with an estimated market value of $3,210,000.

    Sale prices for office units in Bloomington, IN start at $735,000, averaging $1,070,000, and reaching up to $1,600,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office Units 46
    Office buildings 25
    Medical Office Space 8
    Creative space 4
    Coworking space 3

    Demographics Overview

    Population 129K
    Population Growth (5Y) +5.6%
    Median Household Income $60,732
    College Educated 52.2%

    High-Yield Neighborhoods for Investment

    Identify Bloomington submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    47403 $429.9K
    47404 $506.5K
    47408 $735K
    47401 $875K

    Taxes & Financing

    Tax Rate (average for all types) 1.09%
    Property Tax per SF $17.52 per SF
    Tax Rate vs County Average 0.08 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Monroe County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Monroe County

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Bloomington fall within the 10,000 to 25,000 square foot range.

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    Most Searched ZIP Codes in Bloomington, IN

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